Exxon Mobil Corporation $XOM Shares Purchased by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 26.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,284 shares of the oil and gas company’s stock after purchasing an additional 5,828 shares during the quarter. Exxon Mobil accounts for about 0.9% of Silverlake Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Silverlake Wealth Management LLC’s holdings in Exxon Mobil were worth $3,049,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Exxon Mobil during the 2nd quarter valued at about $6,163,719,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $607,621,000. First Trust Advisors LP raised its holdings in shares of Exxon Mobil by 150.2% during the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after buying an additional 4,563,707 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Exxon Mobil by 200.7% during the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after buying an additional 4,015,099 shares during the period. Finally, Laurel Wealth Advisors LLC grew its holdings in Exxon Mobil by 10,809.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after buying an additional 3,066,736 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating on shares of Exxon Mobil in a research note on Tuesday, December 9th. TD Cowen upped their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Piper Sandler boosted their price target on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Finally, Morgan Stanley upped their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.24.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $118.77 on Monday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $500.88 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 7.48 and a beta of 0.38. The company’s 50-day moving average price is $115.60 and its two-hundred day moving average price is $112.29.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion for the quarter. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.